Finovate: Jemstep Archives

Jemstep Receives $6 Million in Series A Funding

By Julie Schicktanz on February 1, 2012 1:56 PM

Jemstep, an online investment guidance startup that tracks over $170 million in investments, announced today it received $6 million in funding.

This installment from private investors completes Jemstep's Series A funding, bringing the total up to $10.5 million.

The California-based startup plans to use the funding for product development, growth, and corporate recruitment.

To learn more about Jemstep, watch its FinovateSpring 2010 demo.

Finovate Alumni News-- January 27, 2012

By Julie Schicktanz on January 27, 2012 9:12 AM

HelloWallet receives $12 million in funding.

MercuryNews reviews Jemstep's online investment advisor.

CBS Money Watch hosts Jeff Mullen, CEO of Dynamics, to discuss the increased security of Card 2.0.

Know Your Mobile focuses on eToro's mobile trading app for Android. Come see eToro at FinovateEurope Feb 7.

Finextra reports Bank of Georgia implements ProfitStars social media compliance tool.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Finovate Alumni News-- January 3, 2012

By Julie Schicktanz on January 3, 2012 9:05 AM

RobotDough leaves GoDaddy due to SOPA support conflict.

Philly.com describes the Jemstep signup process.

Providence Business News reports Andera moves to a new office building.

Zopa Italy rebrands as Smartika.

eToro blog launches new column dedicated to analyzing the weekly activity on eToro OpenBook.

Forbes looks at Dwolla's payment revolution.

Ping Identity announces PingFederate is now available as an Amazon Machine Image on the Amazon Elastic Compute Cloud.

Credit Karma launches free credit monitoring service.

The Receivables Exchange announces strategic alliance with Insperity Investment.

Lending Club removes service fee on large loans.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Finovate Alumni News-- December 2, 2011

By Julie Schicktanz on December 2, 2011 9:24 AM

MasterCard and mFoundry executives discuss partnership.

The Silicon Prairie names Dwolla number 1 startup in DesMoines, looks for a number 2 startup following the "Dwolla-trajectory."

Simple is slowly sending out a few dozen invites at a time.

Prosper announces its support of UK P2P Finance Association.

The Social Lending Network shows off Lending Club's Trading Platform.

Bloomberg Businessweek lists Expensify as an app that lets you work like an executive.

peerTransfer partners with Nelnet Business Solutions, provider of campus commerce services.

Boku, SecondMarket, & Lending Club listed in Forbes Top 20 Private Companies.

My Money Blog highlights Jemstep.

BECU implements Leadfusion's Guided Selling.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Jemstep Launches Out of Beta to Offer Custom Investment Advice & Guidance

By Julie Schicktanz on October 18, 2011 10:34 AM

Jemstep launched an investment guidance and management service to the public today. The purpose of the free service is to help investors better control their financial future:

"Three years in development, the company's patented investment evaluation technology analyzes more than 20,000 mutual funds and exchange-traded funds (ETFs) to identify the best investment options based on each investor's unique goals and preferences. Data-driven, unbiased and transparent, Jemstep's recommendations enable investors to decide what to buy, what to sell and what to keep."

Jemstep CEO Michael Blumenthal describes the new service as personalized, objective, and actionable.

To learn more about Jemstep, watch its FinovateSpring 2010 demo.

Alumni News -- Week of June 6, 2011

By Julie Schicktanz on June 13, 2011 7:33 AM

Andera

Andera launched FortiFI, a new fraud prevention system. Link
Andera CEO Charlie Kroll discussed the release of FortiFI. Link

ChargeSmart

ChargeSmart launched ChargeSmart Direct to provide customers with additional access to support staff. Link
Fox Business News highlighted ChargeSmart and PlasticJungle's gift card trading service as a way to make savings fun. Link

Check Point Software Technologies

Check Point announced the 2012 version of ZoneAlarm. Link

Currensee

Forex Crunch outlined the benefits of Currensee, describing its profitability as "significantly high". Link
The Street highlighted Curensee as a startup that "rocks" the financial house. Link

doxo

Chicago Tribune discussed doxo's step toward a paperless society. Link
TechCrunch & VentureBeat featured the launch of doxo's mobile app, a mobile digital filing cabinet. Link and Link
Macworld took a closer look at doxo's new app. Link

Dwolla

Dwolla released Grid, a feature that protects personal user information. Link
The Street highlighted Dwolla as a startup that "rocks" the financial house. Link
The Next Web interviewed Dwolla about its API. Link

Enloop

StartUp Beat profiled Enloop. Link

eWise

eWise raised $14 million in funding. Link

Expensify

CNNMoney named Expensify as one of five best apps for businesses. Link

FreeMonee

CardTrak.com examined FreeMonee's gift network. Link

Ftrans

Ftrans raised $650,000 in equity financing. Link

GoalMine

GoalMine won The Core Underbanked Innovators Challenge at the 6th Annual Underbanked Financial Services Forum hosted by Core Innovation Capital. Link

Jemstep

Jemstep launched a new version of its service that features many improvements. Link

mFoundry

The Washington Post reported that mFoundry's mobile deposit service is its most requested feature. Link

Mitek

Mitek Systems was granted 4 more patents for its mobile deposit feature. Link
Bank Technology News discussed Mitek's new patents. Link

Monitise

Monitise launched its services in India. Link
The Wall Street Journal covered Monitise's 5-year agreement with Visa. Link
TechCrunch examined Monitise's recent deal with Visa. Link

Prosper

Prosper raised $17.5 million in funding from investors. Link

RobotDough

The Street highlighted RobotDough as a startup that "rocks" the financial house. Link

SecondMarket

CNBC interviewed Barry Silbert, CEO of SecondMarket, regarding its role in IPOs. Link

Silver Tail Systems

Silver Tail Systems raised $20M in a Series B funding round. Link

Striata

Striata partnered with POCiT to enable bill payments. Link

Sybase

Sybase was named the most successful database software vendor in China. Link

ThreatMetrix

ThreatMetrix collaborated with USA ePay to provide fraud prevention to online retailers. Link

TradeKing

TradeKing partnered with CoolTrade for automatic stock trades. Link

UBank

UBank voiced that it will change the banking industry by using the web and mobile technology. Link

Zopa

BBC's Radio 2 interviewed Zopa CEO Giles Andrews about P2P lending. Link

Alumni News -- Weeks of November 28 and December 5, 2010

By Jessica Ward on December 13, 2010 2:42 PM

PopMoney (from CashEdge) wins award for excellence in Web design from the Interactive Media Council. http://bit.ly/finovate11301

Speculation from MarketWatch: Could ClairMail be headed for an IPO? http://bit.ly/finovate11306

ClairMail and Cardlytics partner to provide transaction marketing opportunities. http://bit.ly/finovate1281

Expensify continues to grow its currency support base -- Expensify is now supporting 159 currencies. http://bit.ly/finovate1232

Robert Scoble uses Expensify for expense reports. http://scoble.it/finovate11305

FIS launches innovative new mobile banking product. -- Users can establish mobile account management with their debit card, no online banking signup needed. http://bit.ly/finovate1291

GoalMine hosting cash contest via Facebook to spread the word. http://bit.ly/finovate1292

This week's Jem 5 at Jemstep explores diversified fixed income funds. http://bit.ly/finovate1294

Generations FCU goes live with Jwaala's "Better Online Banking." http://bit.ly/finovate1237

Just for fun: Kasasa releases banks' playlists. See this week's from Jeff Davis Bank. http://bit.ly/finovate1236

Lending Club enjoyed a flurry of news coverage. Read the summaries here: http://bit.ly/finovate1224

Lending Club mentioned in PBS nightly business report. http://to.pbs.org/finovate1297

Mint.com now available in Canada. http://tcrn.ch/finovate1234

Congratulations to Mint founder, Aaron Patzer; winner of a TechFellow Award for General Management. http://tcrn.ch/finovate1296

Monitise to bring mobile payments to Nigeria. http://bit.ly/finovate1231

Mozo powering new "Compare, Ditch and Switch" campaign to allow Australians to shop around for better banking services. http://bit.ly/finovate1283

Just in time for the Holidays, PopMoney gift cards at www.giftcardmall.com.

The new SmartyPig rewards MasterCard provides up to 10% cash back at select retailers. http://bit.ly/finovate11303

Tyfone receives additional patent for electronic wallet technology. http://bit.ly/finovate11304

Wikinvest is even more mobile with Blackberry and Android Apps. http://bit.ly/finovate1235

Y Combinator and Yodlee cooperate to provide financial data services to startups.

http://tcrn.ch/finovate11302

Weekly Updates -- Week of November 8, 2010

By Jessica Ward on November 15, 2010 6:22 PM

Here's the news from the Week of November 8, 2010. To see our updates real-time, follow us on Twitter.

Bling Nation partners with the southern USA's largest grocery chain, Brookshire Grocery. -- Bling Nation users can now pay, redeem and earn rewards with their mobile device at Brookshire and Super 1 stores. http://bit.ly/finovate11121

Donate to charity with SwipeGood and Blippy. -- Purchases are rounded up to the nearest dollar and the difference is donated to the charity of your choice. http://bit.ly/finovate1185

Card 2.0 from Dynamics wins "Best in Show." -- The high-tech credit card was named the best innovation in personal electronics in a pre-show contest sponsored by the Consumer Electronics Show (CES). http://bit.ly/finovate11101

See how eRollover makes rolling over a 401k simple [video]. http://bit.ly/finovate1192

Jemstep announces the Jem 5. -- Each week Jemstep will list its top 5 mutual funds. http://bit.ly/finovate1182

Michican First Credit Union adds Jwalla online banking services. -- Michigan First has 80,000 members and $550 million in assets and was founded in 1926. http://bit.ly/finovate1193

Jwalla partners with iPay to provide bill-pay solutions. http://bit.ly/finovate1102

Rudder.com shut down its online PFM service on Nov 3. http://bit.ly/finovate1183. -- A conversion guide is available to those who wish to move to MoneyStrands. http://bit.ly/finovate1184

See Silver Tail's "federation service" in action. http://bit.ly/finovate1181

Silver Tail Systems won a contract to provide behavior analytics to US Government websites. http://bit.ly/finovate1191

Weekly Updates -- Week of 10/3/10

By Jessica Ward on October 11, 2010 5:18 PM

Here are the news updates for the past week. To view our updates in real-time, follow us on Twitter here.

Andera closes a $9 million funding round led by Edison Ventures. The company plans additional hiring soon. http://bit.ly/finovate9282

Bling Nation now available throughout the Stanford University campus. Students and visitors can now buy lunch, coffee or books with their mobile phones. http://bit.ly/finovate9274.

Palo Alto, CA, is ready for Bling Nation mobile payments. http://yhoo.it/finovate9283

Blippy reports users sharing $500K in purchases a day. http://j.mp/finovate1061

CashEdge partners with Bundle.com on the "My Money" application. http://bit.ly/finovate1017

Centrro is changing focus, no longer providing credit scores. It will instead focus on helping users understand and improve their credit. http://j.mp/finovate1065

ClairMail raises $13.8 million for mobile banking technology. http://tcrn.ch/finovate1056

TechCrunch profiles Credit Sesame. http://tcrn.ch/finovate1016

Jemstep prepares to add Exchange Traded Funds (ETFs) and stocks to the mix. See how far they've come since launching in private beta. http://bit.ly/finovate1015

Jwalla and Cardlytics partner to provide reward programs. http://bit.ly/finovate9291

DownloadSquad.com reviews Kapitall. "Massive, beautiful stock market playground." http://bit.ly/finovate1011

Kapitall's iPad app is now available in the iTunes App Store. http://j.mp/finovate1063 (See the Wired Magazine review.) http://j.mp/finovate1064

Federal Credit Union (NJ) is now offering Kasasa Tunes, which pays rewards on free checking in iTunes credits. http://bit.ly/finovate9272

Lending Club adds managing director, Joseph Toms. Toms was a former managing principal of Hilspen Capital Management. http://bit.ly/finvoate9281

Lending Club issued $12M http://www.moneta.com in loans in Sept. 2010. The company has paid out a total of $12 million in interest to investors. http://bit.ly/finovate1058

Mint.com is hosting a contest to spread the news about Mint and win an iPad. http://bit.ly/finovate9294

Moneta has announced a name change. The company will now be known as Rialto Commerce. http://bit.ly/finovate9292

US Bank and Monitise introduce free mobile banking service for prepaid card holders. http://bit.ly/finovate1053

Prosper reaches 1 million members. A grand total of $206 million in loans has been funded on its peer-to-peer platform. http://bit.ly/finovate1057

SafetyPay launches further into Latin America with Braspag partnership in Brazil. http://j.mp/finovate10610

Second Market is hiring. Check current opportunities online. http://bit.ly/finovate9293

Sybase 365 adds Western Union certification. Western Union services will now be included in the mobile wallet systems provided by the company. Western Union has 380,000 agent locations in 200 countries. http://j.mp/finovate1091

The Wall Street Journal named The Receivables Exchange one of the most innovative technology companies in the world. Receivables Exchange was the single winner in the e-commerce category and one of only 17 winners overall. http://bit.ly/finovate9271

ThreatMetrix closes on $12.1 million funding round. So far, the company has raised $18 million to help detect online fraud in social media and gaming platforms. http://tcrn.ch/finovate1051

Wesabe founder Marc Hedlund tells TechCrunch what went wrong. http://tcrn.ch/finovate1014

Chaikian Stock Research selects WorkLight mobile to develop next-generation financial applications. http://bit.ly/finovate1012

Alumni News -- Week of August 22, 2010

By Jessica Ward on August 30, 2010 8:27 AM

Here are the news updates for the week of August 22, 2010. To view in real-time, follow us here.

Fiserv announces the launch of Remote Deposit Capture, a remote deposits solution. http://bit.ly/finovate8266

Check out Geezeo's summer growth spurt--wow! More than a half million new credit union members now have access to Geezeo's unique engagement-banking tools. http://bit.ly/finovate8222

Jemstep rolls out activation to closed-Beta users. Pre-registered users now have access to the first Jemstep release. http://bit.ly/finovate8221

Congratulations to mFoundry! Their platform crossed the 1 million users mark this week. http://bit.ly/finovate8262

SecondMarket partners with StockTwits. Inside the SecondMarket platform, StockTwits Twitter conversations about the company will also appear. http://bit.ly/finovate8265

Silver Tail Systems hosts webinar on security through behavior analytics on September 2. The event is co-hosted by WhiteHat Security. http://bit.ly/finovate8261

Tyfone receives a $5 million venture capital investment. Tyfone provides mobile phone banking solutions. http://bit.ly/finovate8223

Wikinvest launches app for iPhone. It is free in the app store. http://tcrn.ch/finovate8271

Alumni News Week of July 4th, 2010

By Jessica Ward on July 12, 2010 11:12 AM

Here are our news updates for the week of July 4, 2010. To get our updates real-time, follow us here.

Home ATM shifts focus to mobile Merchants. Home ATM isn't abandoning PIN-based transactions at home but is concentrating on what they call "anywhere commerce" such as service companies, flea markets, and market vendors. http://bit.ly/finovate771

Jemstep inks aggregation deal with CashEdge. Aggregation will allow Jemstep users to view all of their investment accounts at once and determine allocation across all of their portfolios. http://bit.ly/finovate761

Outright.com releases improved sales tax collecting features. Two new categories are available to users "Sales Tax Collected" and "Sales Tax Submitted." http://bit.ly/finovate772

Online Banking Report on real-time bank transaction feeds and alerts. Look at Blippy/Swipely. http://bit.ly/OBR_181

Last Chance for FinovateSpring Early-Bird Tickets -- Only 2 Days Left to Save!

By Eric Mattson on March 30, 2010 3:49 PM

Just a quick reminder that the early-bird ticket prices for FinovateSpring 2010 (May 11, San Francisco) will expire at the end of March (less than 2 days from now). If you register by March 31, you'll save $100 on your ticket and lock in your spot to see debuts and demos of dozens of new financial and banking technological innovations.

We've handpicked an amazing list of companies to demo their latest including:

Tickets are selling well with hundreds of registered attendees from great organizations like:

AARP
BNP Paribas
CBS
Experian
Google
Intuit
Kaiser Permanente
Mechanics Bank
Tower Group
USAA
Visa

Aite
Capital One
Celent
Filene
H&R Block
Jack Henry
Motley Fool
Target
PayPal
US Bank
Wells Fargo

Alliant Credit Union
Canaan Partners
Discover
Forrester Research
ING DIRECT
Highland Capital
Javelin Research
NY Times
TransUnion
Venrock
Wired Magazine

FinovateSpring is one of our twice-yearly showcases of the best new ideas in banking and financial technology. The show is built around a unique blend of fast-paced demos of actual technology (no slides!) and high-quality networking with an audience of senior FI executives, fintech entrepreneurs, VCs, press, industry analysts and bloggers. It's an awesome environment to find your next competitive edge.

Don't miss out on the early-bird price on your ticket to this great show. Register now!

P.S. Online Banking Report subscribers are entitled to an extra discount to our Finovate conferences. Email me to get it.

Eric Mattson is CEO of Online Financial Innovations, the parent company of NetBanker, Online Banking Report and the Finovate Conference Series. He can be reached at eric@netbanker.com.

FinovateSpring 2010 Demo Companies Revealed

By Eric Mattson on March 17, 2010 7:19 PM

We're very pleased to announce the lineup for the upcoming FinovateSpring 2010 conference. Taking place on Tuesday May 11 in San Francisco, the conference will showcase dozens of handpicked companies debuting and demoing their latest and greatest fintech innovations. The quality of the new ideas that will be demoed on stage is very high this year and we're incredibly excited to showcase them to you.

The demoing companies selected (that we can reveal so far) are:

These companies will be showcased to an audience of senior financial/banking/credit union executives, influential press, industry analysts, venture capitalists, bloggers, tech companies and entrepreneurs.

A sampling of the great organizations already registered to attend includes: AARP, Aite, Alliant Credit Union, BNP Paribas, Capital One, Celent, Discover, Experian, Fidelity, Filene, Forrester Research, Google, Highland Capital, Intuit, Javelin Strategy, Jack Henry, Mechanics Bank, Motley Fool, NY Times, PayPal, Tower Group, USAA, US Bank, Venrock, Wells Fargo, and Wired Magazine.

We'd love to have you join us at the spring event and watch the future of finance/banking unfold onstage. If you register today you'll save $100 via the early-bird ticket discount. Please note that the early-bird prices expire at the end of this month and space is limited so lock in your spot now!

Eric Mattson is CEO of Online Financial Innovations, the parent company of NetBanker, Online Banking Report and the Finovate Conference Series. He can be reached at eric@netbanker.com.

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